CFS Services

A fractional CFO provides strategic financial leadership and oversight for construction businesses without the cost of a full-time CFO. We help with cash flow forecasting, job cost analysis, profitability tracking, financial planning, and strategic decision-making. You get CFO-level expertise at a fraction of the cost of hiring a $200K+ full-time executive.

Bookkeeping is handling your day-to-day transactional activity. The Controller ties the financials together at a historical point in time, executing monthly financial reporting and compliance.

If you’re asking questions like “Can I afford to hire?” “Should I buy this equipment?” “Why is cash always tight?” or “Which jobs are actually profitable?” You need more than bookkeeping, you need strategic financial guidance. If your books are messy or behind, start with bookkeeping cleanup. If your books are current but you’re still making decisions based on gut feeling, you need fractional CFO services.

Fractional CFO services typically range from $3,000-$8,000 per month, depending on the complexity of your business, frequency of engagement, and scope of services. This is significantly less than a full-time CFO salary ($250K-$350K+ plus benefits and bonuses) while providing the strategic financial leadership you need to scale confidently.

The BUILD Financial Roadmap is a high-level financial and operational review designed to give construction contractors clarity on their financial position, identify key risks or gaps, and provide a 90-day roadmap. It includes a 60-minute assessment meeting, 3-5 key insights and recommendations, and a clear path forward. Investment is $1,500.

Our fractional CFO services include monthly financial reviews, cash flow forecasting, job-level profitability analysis, KPI tracking, financial systems improvement, strategic planning support, and year-end tax preparation assistance. We customize services based on your business needs, whether that’s weekly check-ins or monthly strategic sessions.

Yes. While we’re based in Tennessee and Florida, we serve construction contractors, specialty trades, and developers throughout the United States. Our services are delivered virtually.

We primarily work with construction businesses generating $1M to $20M+ in annual revenue. This includes general contractors, specialty trades (HVAC, electrical, plumbing), remodelers, and small to mid-size developers. If you’re smaller or larger, we can still talk as every business has unique needs.

Our team has over 42 years of combined experience in construction finance and operations. Founder Angie Huddleston has 25+ years working specifically with construction contractors, specialty trades, and developers. We’ve worked inside construction operations, so we understand the industry’s unique challenges, not just the accounting theory.

We specialize exclusively in construction and trades, so we speak your language. We understand job costing, retainage, WIP, subcontractor management, bonding, and the cash flow timing challenges unique to construction. We’re not generalists trying to fit construction into a corporate financial model, we built our services specifically for how construction businesses actually operate.

Yes. We have limited availability for new fractional CFO clients each quarter to ensure we provide high-quality, personalized service. We always start with a BUILD Assessment.

Construction cash flow improves through:

(1) Faster billing cycles: submit pay apps immediately when milestones hit

(2) Better payment terms: negotiate deposits and progress payments upfront

(3) Strategic payables management: use vendor terms without damaging relationships

(4) Accurate forecasting: know when cash will be tight 90+ days ahead

(5) Working capital reserves: maintain 2-3 months operating expenses as a buffer

Job costing tracks all costs (labor, materials, subcontractors, equipment) associated with a specific job so you know if it’s truly profitable or not. Without job costing, you’re guessing which types of work make money and which quietly lose money. Accurate job costing helps you price future work correctly, catch cost overruns early, and understand where your margins are strongest.

Because profit and cash are not the same thing. Construction companies fund projects upfront—paying for labor, materials, and subs—but don’t get paid for 30-90 days due to billing cycles, payment terms, and retainage. You can be profitable on paper while your cash is tied up in unpaid invoices, unbilled work, or locked in retainage. This timing gap is the #1 reason profitable contractors struggle with cash.

WIP tracks the financial status of jobs currently in progress—costs incurred, revenue earned, amounts billed, and amounts remaining. Proper WIP tracking ensures revenue recognition is accurate, prevents overbilling or underbilling, identifies jobs that are over budget in real time, and gives you a clear picture of profitability before jobs close. Without WIP tracking, you’re flying blind until the job is done and you can also be over/under-paying taxes.

At minimum, monthly. But the best construction companies review key metrics weekly: cash position, AR aging, unbilled WIP, upcoming payment obligations, and job cost variances. Monthly financial reviews should include full P&L analysis, balance sheet review, cash flow forecast updates, and job profitability by project. Quarterly reviews should focus on strategic planning and goal tracking.

Essential reports include:

(1) Profit & Loss by job and overall

(2) Balance Sheet showing working capital position

(3) Cash Flow Statement and 13-week forecast

(4) WIP Report showing job status and billing

(5) AR & AP Aging reports

(6) Job Cost Reports comparing actual vs. budget by job

(7) KPI Dashboard tracking gross margin, overhead rate, current ratio, and days sales outstanding

Construction accounting is different from general business accounting due to job costing, WIP tracking, retainage, and progress billing. While QuickBooks can work with proper setup, construction-specific features are critical. The key is proper setup for construction workflows, including job costing, project tracking, and integration with project management tools.